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Repeal of Health Law’s ‘Onerous’ Business-Expenses Rule Fails By  Jeffrey Young  -  Nov 29, 2010 The U.S. Senate failed today to adopt language that would have repealed a rule, created by the health-care overhaul law, requiring businesses to report annual expenses to individual vendors in excess of $600. Eliminating the mandate, known as the 1099 rule after an Internal Revenue Service form used by businesses, would have reduced U.S. tax revenue by more than $19 billion over the next decade. Two amendments that would have repealed the requirement were rejected today; two similar measures failed in September. Senator  Max Baucus , a Montana Democrat who is chairman of the tax-writing Finance Committee, and Senator  Mike Johanns , a Nebraska Republican, sponsored today’s competing amendments, which would have been attached to a food-safety bill. Under the Senate rules for consideration of the amendments, 67 votes were needed for passage. The Baucus  measure , voted down 4

Senate voting today on 1099 reporting requirement repeal November 29, 2010 Dear Small Business Owner, SBA Administrator Karen G. Mills Last week I wrote to you expressing the Obama Administration’s support for the repeal of the expanded 1099 reporting requirement that was included in the Affordable Care Act. As you know, earlier in the year we asked you for feedback on this requirement and what we heard was that will involve too much paperwork and will be overly burdensome. As the Senate votes today on whether or not to roll back this requirement, I want to again express the Administration’s support for repealing the expanded 1099 reporting requirement. Thank you again for your feedback on this important matter and I look forward to continuing to work with you to ensure you have the tools and resources you need to grow your business and create jobs. Sincerely, Karen Mills U.S. SBA Administrator